Time-lapse videos are captured at a lower frame rate than normal
and then played back at a normal speed, making action that has
taken place over a long time look like it has happened super
quickly.

Creating time-lapse videos has always been possible on
smartphones but usually requires a sophisticated app and a tripod.
Hyperlapse has built-in stabilisation technology that allows you to
create smooth handheld videos without needing to concentrate on not
jiggling your phone around. In a video example from Instagram, the
effect does indeed look very smooth, which is difficult to achieve
in time-lapse videos as the speeded-up videos tend to emphasise any
shakiness rather than disguise it.

Instagram

You don't need an account to use Hyperlapse, rather you just
open the app, tap once to start recording and once again to stop.
You can choose playback speed, from between 1x and 12x as fast as
the original recording and save it to your camera roll. From within
the app you can also share the video directly to Instagram or to
Facebook.

Hyperlapse is available to download from Apple's App Store store
now for iPad and iPhone. Instagram says that Hyperlapse is "currently only
available for iOS", suggesting it might well be coming to other
platforms including Windows Phone and Android soon.